Carbon Pulse

Australian oil and gas producer Woodside Energy on Tuesday announced an offset initiative that will see it eventually buy over 1 million carbon credits annually, though the programme only covers a minor share of the company’s rapidly growing GHG emissions.

Australia’s proposal to award some offset projects credits before emission reductions have taken place could create more problems than it solves and may fail to address fundamental risks, according to market participants.

A daily summary of our news plus bite-sized updates from around the world.

California regulator ARB is probing a Michigan-based livestock offset project for failing to meet regulatory compliance during its WCI reporting periods, with more than 36,100 credits now under investigation, the agency announced Monday.

Market participants are anticipating the November WCI auction will settle underneath the secondary market price and Q3 sale result, as compliance entities and speculators continue to seek out discounts below stagnant California Carbon Allowance (CCA) values.

Vermont Governor Phil Scott (R) is holding out on committing to the design of a cap-and-invest programme for the fuel sector, despite the state’s involvement in the Transportation and Climate Initiative (TCI) design process for a regional ETS.

Implementing the previous Alberta NDP government’s carbon pricing regime and climate plan would not significantly harm the Canadian province’s economy, despite the current conservative-led administration claiming otherwise, an economist said in response to a report released Friday.

Switzerland’s carbon credit procurement agency Klik has launched a second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.

The EU’s buildings sector will be more quickly and effectively decarbonised under a European Green Deal than through inclusion in the bloc’s ETS, according to a trade group.

New financial entities are building length in California Carbon Allowances (CCAs) ahead of this week's WCI auction as prices have stabilised above $17.00, according to US Commodity Futures Trading Commission (CFTC) data.

South Pole is looking for an experienced climate change consultant to join its environmental markets team. In this role, you will be entirely focused on Greenhouse Gas (GHG) mitigation consultancy and project development, including project-based advisory and policy advisory.

As part of the Global Sourcing team within the Projects and Portfolio unit, you will primarily assist the Director of Sourcing Operations to ensure a smooth and eloquent operation of global project sourcing flows, processes, document handling, database management, as well as coordinating with different teams on various tasks and activities.

As part of the Projects and Portfolio Business Unit, you will support the International Sourcing Team with various tasks related to sourcing, business development, analysis, as well as dealing with negotiations, closing and especially contracting.

EUAs hit a five-week low early on Monday, extending Friday's bottom trade as weak energy markets helped push carbon clear of a key support level despite a stronger auction.

Swiss carbon prices have soared by 150% in the country’s latest allowance auction, with values finally starting to converge with EU prices as the two markets near linkage.

China’s Fujian province has issued 658,000 forest carbon credits to state-owned forest farms, a move aimed at bringing in revenue for the local forestry industry as the credits are sold to participants in the provincial emissions trading scheme.

In a clear break with standard practice, Australia’s environment department has proposed rule changes to its carbon offset programme that would allow for ACCUs to be issued and distributed to owners of some vegetation-based projects before the emission reductions have taken place.

Emergent has recently been incorporated as a new not-for-profit entity (a US-registered 501(c)(4)) and has appointed a board and an executive director. It is now beginning to build the team able to rise to the REDD+ challenge.

The Niskanen Center, a nonpartisan think tank and advocacy organization that works to promote an open society, is seeking an entry-level Policy Analyst to join our growing climate department.

We’re currently hiring for positions in multiple locations across the country. If you’re flexible, you can apply for multiple locations. We accept applications on a rolling basis. Positions start in August 2020.